Bridge financing of $45.6 million will allow for a renovation to be completed on the Lido Marina Village, a 106,000-square-foot multi-block waterfront boutique retail and office property on Balboa Peninsula in Newport Beach. The financing was arranged by George Smith Partners’ Steve Bram, David Pascale and Patrick O’Donnell, and was arranged on behalf of DJM Capital for the recapitalization of the property.

Lido Marina Village features retail, restaurant and office space in 14 separate structures featuring harbor views along with 47 boat slips. Restaurants include Orange County’s only Nobu and Malibu Farm locations. Retail tenants include LoveShackFancy, Serena & Lily and Jenni Kayne.

Since acquiring the project in 2013, DJM has performed extensive renovations that have created an integrated village feel and rebranded Lido Marketplace as a boutique and restaurant destination. Even during the pandemic, DJM has retained occupancy and signed new leases.

“What attracted us to this investment was the physical property itself and the incredible location on Newport Harbor,” says Lindsay Parton, president of DJM Capital Partners. “We had an opportunity to create an iconic gathering place. With the expiration of some legacy tenant leases, this financing allows us to put the finishing touches on the renovation, to bring more high-quality tenants to the Lido experience.”